Fully Tenanted Duplex with
For Sale
$219,900
4652-4654 Haverhill St, Detroit, MI 48224
Two three-bedroom units feature updated systems, laundry, basement storage, and access to a detached two-car garage.
Property Size2,200 SF
Days on Market51
Property Features for 4652-4654 Haverhill St
General Information
Standard status
Active
Size
2,200 SF
Total Parking Spaces
2
Property subtype
Investment
Occupancy
100%
Site & Location
Neighborhood
East English Village
Highway Access
Yes
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,045
Amenities
laundry
Building Details
Building Size
2,200 SF
Year Built
1928
Buildings
1
Units
2
Listing Agency:
O'Connor Realty Detroit, LLC
Listed By:
Nicholas Kramer · License #6501444907
(917) 446-2108
Source:
Elliman
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 28 at 10:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of O'Connor Realty Detroit, LLC
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Investment Insights
Based on property information with market context.
Built in 1928, this duplex contains two three-bedroom residences with spacious room layouts, period character, updated appliances, and finished details. Both units are occupied by tenants in good standing with Section 8 leases. Major mechanical improvements include updated furnaces and water heaters, while Pella windows with aluminum trim have been installed throughout. A divided basement provides laundry facilities and storage, and the accessible attic offers additional on-site storage. The property also includes a maintained yard and a two-car garage for resident use.
The property is located at 4652-4654 Haverhill St in Detroit’s Morningside neighborhood. Walk Score is 59, Bike Score is 56, and Transit Score is 35, indicating some transit service and moderate walkability. The surrounding area includes access to shopping, highways, and the East Warren Streetscape Initiative.
The property is located at 4652-4654 Haverhill St in Detroit’s Morningside neighborhood. Walk Score is 59, Bike Score is 56, and Transit Score is 35, indicating some transit service and moderate walkability. The surrounding area includes access to shopping, highways, and the East Warren Streetscape Initiative.
Key Highlights
- Duplex with two three‑bedroom units
- Both units occupied with Section 8 leases and tenants in good standing
- Detached two‑car garage plus divided basement with laundry and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,957
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,140
$399.1K
Cap Rate 7%
$285,100
$285.1K
Cap Rate 9%
$221,744
$221.7K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$38.8K $17.64/SF
− Vacancy
−$2.5K −$1.15/SF
EGI
$36.3K $16.49/SF
− OpEx
−$16.3K −$7.42/SF
NOI
$20.0K $9.07/SF
Area
ZIP 48224
Vacancy
6.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,140
Cap Rate 7%
$285,100
Cap Rate 9%
$221,744
Alternative Uses
Best Use
Multifamily LT 5
$309.6K
$270.9K – $361.3K
NOI $21,675 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$285.1K
$249.5K – $332.6K
NOI $19,957 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$554.9K
$485.6K – $647.4K
NOI $38,844 @ 7.0% cap · market cap 17.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Explore this area
Business Placement
Demographics for 48224, MI
39,633
Population
16,786
Households
2.4
Avg Household Size
33
Median Age
14%
College-Educated
84%
High-School Grad
5.8 sq mi
ZIP Area
6,833
Density / Sq Mi
$42,963
Median Household Income
$30,997
Median Earnings
$1,213
Median Rent
$77,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units feature updated systems, laundry, basement storage, and access to a detached two-car garage.
Where is this duplex located?
The property is located at 4652-4654 Haverhill St Detroit, MI.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Duplex with two three‑bedroom units; Both units occupied with Section 8 leases and tenants in good standing; Detached two‑car garage plus divided basement with laundry and storage
